USD/CAD may rise 27 - 38 pips

1.3606 is our pivot point.

Our preference

Rebound towards 1.3664.

Alternative scenario

Below 1.3606, expect 1.3588 and 1.3577.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3634 and 1.3657).

Supports and resistances

1.3686 **

1.3675 *

1.3664 **

1.3653

1.3626 last

1.3614

1.3606 **

1.3588 *

1.3577 **

Number of asterisks represents the strength of support and resistance levels.